How Much Doctors Actually Earn in Malaysia?

preview_player
Показать описание
Following up with our video about Doctors being the WORST JOB in Malaysia, we invited a real doctor today to give us more insights about the industry, and how much doctors actually earn in Malaysia. Let us know what you think in the comments!

Download M+ Global and start trading the US Stock Market. Deposit RM 2,000 and get up to RM1,200 worth of rewards.
Code: T30E

Buy RM250 worth of any cryptocurrency on Luno and get an additional RM75 in BTC!
Code: MMTVLN24

Unlock limitless global investment opportunities with Interactive Brokers' trading technology!

What to Watch Next:
🍀This Is How Much Money You Need if You Stop Working in Malaysia

🌲Netflix: Should You Invest?

🏡 I Wish I knew This In My 20s...

🥑 How to invest with RM1000 in 2023!

#malaysia #mrmoneytv #doctor #health #kualalumpur #career #government #hospital #nursing #doctors

--

Come say Hi to us at,

🤳 TikTok: @mrmoneytvchannel

For business & job enquiries, do contact us at,

Disclaimer:
This is not an investment advice. All content produced is solely for education and entertainment purposes only. Please consult your financial advisor before making any investment decision.
Рекомендации по теме
Комментарии
Автор

*Video yang bagus, saya mesti katakan bahawa hidup saya telah berubah selepas beberapa percubaan yang gagal apabila saya bertemu Donald Nathan Scott. Kini pemilik rumah dan menutup tahun secara beransur-ansur dengan portfolio enam angka.*

MartinezDolores
Автор

I suggest you invite gov doctors next or owners of clinic to hear their perspectives as well 😊

putriashikin
Автор

The most satisfying part as government dr is helping patients who can ill afford private fee and really greatful for the help. Bt as he rightly mention, the non clinical work really a push factors

nexustech
Автор

My wife was a scoliosis patient in UMSC last year, undergoing a surgery under private. The surgeon operated two days per week. Each day there were about 8 patients that he needs to operate.
On that day of surgery, the doctor started operating at 8am. My wife was the second last patient of the day at 7pm. The doctor continued to operate the last patient at 9pm. The surgeon popped by my wife's bed at 1145pm to check on her. And the next morning at 8am, he was checking my wife's progress again!
Doctor is a noble job. I admire the team who work relentlessly to help the patients. Till day, i am very grateful for whatever the doctor has done for my wife.

brandonling
Автор

Just want to clarify something that some comments have brought up such as this is why private hospital bills / premiums are increasing. Consultants in Private Practice follow a strict guide that governs how much they can charge for a procedure. Consultants cannot charge more than what is specificed in this guide. And these charges have not changed since 2002. So... any increases in costs is unlikely to be due to consultants charging more.

XAshe
Автор

good insight, looking at it from many angles. However, from this podcast everyone can notice he is a very senior doctor. To come to his level and to get to the salary he bring home, the amount of training is tremendous and it requires dedication and sacrifices. And kkm ecosystem has changed, training is very much jeopardized. it is definitely not as what Dr James said in this podcast. Our current generation are more interested in the money rather than gruelling with long hours of working to improve and come to the highest level. Even with the salary less than dr ali are making (well according to kkm) i am willing to continue to serve, but to be honest kkm is a sinking ship. Lack of leadership, being reactive mostly rather than visionary, the situation not gonna change.

goldtradeforme
Автор

Also bare in mind, private doctors pay a huge amount in income tax. Not all of that money is disposable income. Plus the numbers might be eye popping for many but when you see how many rich ppl there are in this country (just look at the cars on the road and the houses in some areas), I can tell you they are not all doctors. Most of them aren't.

oranjetoeters
Автор

@MrMoneyTv Please make this into a series. Recently, doctors get the spotlight and rightly so. Other professions have their role to play in the society although they don’t save lives. However, the disparity between salaries and responsibilities of some profession can be surprising to some. It will be a great series to inform the audience of career choices and finance.

HYU
Автор

I'm a medical officer Gred UD52 I earned max RM 8k a month. My starting salary back in 2014 was RM 4.3k.

burnoutminion
Автор

1. Not to mention the increasing medicolegal risks: if a private hospital doctor makes a single mistake, only one case and the patient files a lawsuit, the doctor could potentially lose a lifetime's worth of earnings. For example, in recent cases involving tonsil and appendix surgeries, millions were awarded to patients and their families. The doctor would then have to work tirelessly to repay these amounts.
2. Let's not forget that doctors and surgeons, whether in private or government sectors, are among the highest income tax contributors in the country. This is partly because their income falls within the highest tax bracket of 28-30%, with no options for tax evasion due to the tax system that prohibits them from operating under an Sdn Bhd structure. Additionally, most doctors have a reputation for being personable and agreeable, making them an easy target for tax audits.

jplearner
Автор

One of the best way is to change the government hospital to non- profit oriented hospital that run its own. Enroll citizen into national insurance plan using EPF money. Use insurance payout to cover hospitals fee.

alanooi
Автор

As a Dr for 12 years and a trainee now, must say a long awaited open discussions with facts and figures. Points out the long hours of work, sleepless night, the balance between family and work, while having other colleagues peak earlier in their careers. Long journey yes, but rewarding at the end as a whole. Bravo to team, for the advice and prospects given.

Drsarakanna
Автор

Specialist training is a complex matter- local masters vs external exams, making sure prog with adequate training, while adding in the need to recognize via medical act.

mycroftlee
Автор

I'm all for rewards that suit the effort and I understand that the journey to be a doctor is a long, hard, winding and expensive road... When I was young, i knew that to be a doctor is to be in an honorable and respected profession...
However, in recent times, I often hear parents suggesting to their kids to be a doctor because "you can earn a lot", "you can be super rich", etc...
Coupled with numerous instances when I hear doctors recommending surgeries for seemingly issues (I know I'm just a lay man with zero medical knowledge), i began developing a sense of mistrust on doctors.... surgeries used to be the last resort after trying lifestyle changes or medications, etc but now seems like the first thing to do for a quick fix...
As mentioned in the video (i watched the whole thing), private sector doctors earn more the more they see patients and do procedures/surgeries/etc... which may (or may not, depending on the doctor's initial reason to be one) push the doctor to lean towards a profit driven mindset...
Which led me to question... are they recommending these surgeries/procedures/medical products or drugs based on a profit driven mindset or do they really have the patient's best interest at heart?
So the question now is, how can we identify a profit driven doctor from one that has our best interest at heart?
Can you make a video on that?

jesselee
Автор

Doctor that take 100k back home deserve it as it is really hard earn money. No joke. Not everyone can take the stress.

history
Автор

In the past, this country "lost" some very talented specialists due to education limitations for their offsprings. Remember, doctors in government service are humans too, they too have families and a future they need to plan for. Talents go global, especially a "borderless" industry such as healthcare. It takes at least 2 generations to replenish those lost talents.

MSL-cu
Автор

Bear in mind that he is a specialist.Most medical officers in government earn ~6k, with oncall rate rm9/hr for working from 8am till second day 12pm/5pm, with oncalls 1-2 times per week.Even random waiter earns more pay per hour. Still think dr earns a lot? Dr's work deals with life, not just any random job

rrtejhj
Автор

Contrary to some assumptions, doctors in private hospitals do not typically earn RM 100, 000 per month. In fact, verifiable data from government reports and industry surveys can provide a more accurate picture of doctors' earnings in Malaysia's private healthcare sector. Additionally, it is possible to bring real surgeons forward to disclose their actual income statements, though, for privacy reasons, their identities would need to be protected.

For example, while a surgeon in a private hospital can sometimes make up to RM 50, 000 in a single month, this is not a consistent figure every month. There are instances where a surgeon might earn as much as RM 70, 000 to RM 80, 000 during a particularly busy month, but in another month, their earnings might drop to as low as RM 15, 000. This fluctuation is because working in private healthcare operates much like a business—income can vary significantly depending on the number of procedures, patient load, and other factors.

In reality, for a private doctor to maintain an average monthly income of RM 30, 000, that would already be considered quite high. It's essential to understand that while private healthcare can be lucrative, the income is not always as steady or predictable as some might assume.

royrockerfeller
Автор

This podcast episode doesn't represent the majority of the medical doctors in malaysia, which most of them are in the government services, and definitely are underpaid. Majority of them do not have the opportunity to become specialist, and not all medical specialist choose to go to the private centers, simply because of the dedication to serve underprivileged Msians.

ramziness
Автор

Specialty training in private sector wont work since these are the same junior doctors required to serve in government settings. Who will be paying their salaries? Of course the government won’t be paying for them to serve in private sector (when government also doesn’t have enough MO numbers) and of course not the private hospital since they are profit making businesses especially with the risk of medicolegal issues that comes with it. Doesn’t matter medical or surgical based, training for specialist can only be done with years of hands on experience. The guest also points out very important point, there is just not enough cases / complex cases for the junior Drs to train on in private hospitals.

ekay